It felt like a no-brainer for the value of the land, but being able to utilize a traditional mortgage because there was a clean yet simple 3 bed 2 bath house on the lot made the deal even sweeter!

My mortgage and escrow don't allow me to consistently profit enough on both floors to handle a 20% management fee and not take a loss some months.

I’ve been exploring various strategies to land a solid rental property, and I’m particularly interested in trying mortgage assumption for this one.I’m currently looking at a property listed at $350K.

Obviously, mortgages are longer than 24 hours so there is no direct correlation between fed funds and long-term mortgage rates.

@Kristee BadetHouse hacking involves living in a multi-unit property and renting out others, potentially offsetting mortgage costs and allowing savings for a personal home.

However, I've been searching for newer, cheaper value-adds to student rental properties and have found focusing on outdoor spaces can be a huge draw with much less of the cost of tearing out kitchens, baths, etc.

I don't want to pay any more than 1500 a month for mortgages and insurance and tax.  

I didn't see where you factored in a $3000 mortgage payment (principal & interest only) in today's higher rate environment. 

I’m Chris Dickerson, a newly licensed Mortgage Broker based in PA, specializing in financing solutions tailored for real estate investors.

So if I’m understanding what I’m reading on 1033’s - house has mortgage of $350k and insurance policy is for $750k- leaving proceeds of $400k.